All the more reason people would prefer to work for a co-op, no? I really don't know why there aren't more co-ops, and am inferring they just don't work all that well. But if there are any regulations or something preventing them from succeeding, I'd love to know about it.
Also, I guess it's worth noting I've been "exempt" all my life (not subject to 40 hours a week), so that particular labor win I guess didn't really cross my mind.